Have you ever been successful through the taking of loans?

AgoraForo - Digital Marketplace & Freelancer Forum

Sawe

Somewhat Known
Member
May 14, 2024
714
25
Dex
$5.000
Raw Dex
$0.823
I have never been successful on taking loans, I realize that I lose more when paying back because of the interest rates. I guess it is because I have never taken a loan for the sake of starting a business.
 

nomad

Very Familiar
Member
Jun 22, 2022
10,971
512
Dex
$0.010
Raw Dex
$0.700
It is sad to say that I have taken loans on different occassions and I have never been able to fulfil the purpose of getting a loan
 

Springtime

Well Known
Member
Dec 22, 2022
7,929
294
Dex
$1.340
Raw Dex
$0.105
I have never borrowed money except that I took out a mortgage loan when I bought my apartment. At that time, I had a full-time job and a decent and stable income. I got the loan without any problems.
 

Bisolami

Very Familiar
Member
Sep 19, 2022
17,833
1,539
Dex
$0.000
Raw Dex
$0.078
I have never really taken any loan that is serious and I don’t think j I will be taking loan anytime soon but for now, I have never been successful taking loans
For me the majority of the people that depend on loans have not really been successful. What do you say?
 

Fidelia

Notable
Member
Oct 28, 2023
2,408
36
Dex
$0.010
Raw Dex
$0.553
I have actually seen people who are very strategic and focused take a loan to do a business. They succeed to pay back and even grow the business.
Post automatically merged:

I have actually seen people who are very strategic and focused take a loan to do a business. They succeed to pay back and even grow the business.
 

Passiveearner

Notable
Member
Dec 28, 2022
3,334
206
Dex
$0.000
Raw Dex
$6.312
I don't apply for a loan It's not significant for me. I managed my business through my savings.

Most of the people never get succesful after borrowing loans. They utilise flawed business and financial strategies that never allow them to be successful. Obtaining loans and investing in a business is very risky.
 

Starmix

Popular
Member
Sep 2, 2022
30,182
3,700
Dex
$5.100
Raw Dex
$0.142
Most of the people never get succesful after borrowing loans. They utilise flawed business and financial strategies that never allow them to be successful. Obtaining loans and investing in a business is very risky.
Only a very few loaners faithfully succeeded in their aims why loaned. They are able to build a small business.
 

Passiveearner

Notable
Member
Dec 28, 2022
3,334
206
Dex
$0.000
Raw Dex
$6.312
Only a very few loaners faithfully succeeded in their aims why loaned. They are able to build a small business.

I think that there are many reasons for that. Many people nay think that they have the vest business strategy. They may think that all they need to do is take loans and they may even succeed in convincing the lender as well. However, in the end they fail eventually.
 

Starmix

Popular
Member
Sep 2, 2022
30,182
3,700
Dex
$5.100
Raw Dex
$0.142
I think that there are many reasons for that. Many people nay think that they have the vest business strategy. They may think that all they need to do is take loans and they may even succeed in convincing the lender as well. However, in the end they fail eventually.
I agree with you on that, some people think that they can handle money easily without losing it. They are wrong and the loan surcharges in interest.
 

Sawe

Somewhat Known
Member
May 14, 2024
714
25
Dex
$5.000
Raw Dex
$0.823
You have to control yourself. It's better to save what you pay monthly and pay something in cash not from a loan.
That is right, it is something I have learnt too. It is much better to work hard and earn the money you need. You can use it to buy what you want rather than depending on loan.
 
Back
Top